Zynga reports highest ever bookings for Q1 at $329M
Zynga’s made $329 million in bookings and $321 million in revenue for the first quarter of 2012, an increase of 15 percent and 32 percent year-on-year, respectively. The developer reported a net loss at $85.4 million, compared to a net income of $16.8 million for Q1 2011.
Daily active users are up 6 percent year-on-year from 62 million to 65 million. Monthly unique users are up 25 percent to 182 million from 146 million in Q1 2011. Zynga also says it increased monthly unique paying users from 2.9 million in the fourth quarter of 2011 to 3.5 million. Zynga released six games during Q1 2012, four of them mobile: Hidden Chronicles, Zynga Slingo, Scramble with Friends, Dream PetHouse, Dream Heights and Draw Something (which Zynga acquired just before the end of the quarter). Last year, Zynga only had CityVille to rely on for Q1 bookings and revenue, which launched in late Q4 2010. That game is still top dog among games on Facebook in terms of MAU at 41.6 million today. Words With Friends holds the top spot for DAU at 7.6 million.
For 2012, Zynga is projecting bookings in a range of $1.425 billion to $1.5 billion with most of the growth coming in the second half of the year. That’s up from its previous bookings guidance of $1.35 billion to $1.45 billion on account of the OMGPOP acquisition. The company is budgeting stock-based expenses somewhere between $420 million to $445 million, excluding any equity awards it might grant in future acquisitions. Capital expenditures fall somewhere between $390 million and $410 million, which includes the price of Zynga’s San Francisco corporate headquarters building, purchased at the beginning of the month.
More to come.